Bloomberg, Deborah, Asia discussed on Biz 1190 Overnight featuring Bloomberg Radio
It is two forty five pm in Tokyo. We have the Japanese yen trading one hundred twelve point eight seven against the US dollar Japanese stocks. The Nikkei down almost a fifth of a percent. But if you view it in the context of what was happening earlier this morning when the index was down almost one point six percent. Well, it's a little bit of a recovery. Okay. Let's check in now on the first word headlines from around the world, excuse me, the business flash puts ever Mao. Deborah. Thanks, tracy. Saw thanks vision. Well, invest two billion dollars in coupon. Funding development of new shopping and delivery services for South Korea's biggest online retailer who sells products from consumer electronics to food and claims that have careers population has download it's mobile app. It's another big bet on ecommerce for SoftBank Masayoshi Son who made a fortune backing Alibaba Hong Kong tycoon, Victor Lee is taking steps to prepare has European infrastructure business for a London IPO c k. Infrastructure says it's considering selling minority interests in some of its assets to a new investment company to be listed on their London stock exchange, the IPO could give CK infrastructure more firepower for deals and would also cut its exposure to the UK ahead of Brexit. I can't open its largest ever store in Manila as the company makes a big bet on Asia, the sixty five thousand square meter outlet will be an S Prime Holdings mall of Asia. It's the space equivalent to one hundred fifty basketball courts and almost twice the size of typical IKEA's shops. The company has earmarked about one hundred thirty five million dollars to build stock and staff the store which will cater to five million households in a sixty minute radius. And that's your Bloomberg business flash. All right. Deborah. Thanks so much for that tensions between Nissan and Renault over the future of their car. Making partnership have exploded into the open as the downfall of chairman Carlos gone continues to Royal the automative industry going remains in custody in Japan after being arrested for alleged financial impropriety earlier on Bloomberg TV wisdom trees Japan head. Yes, per Cole told us that Goan is being used as a strong signal against greedy, CEO culture. Superstar.